Bitcoin got crazy the past 24hrs, and there was some money to be had. However, I'm still being cautious. Hidden bearish divergence is in play as well as a rejection of the 200EMA with a large wick. I'm expecting a bit of a downward movement.
I would like to see BTC continue to follow the purple channel up, but there is some congestion around the blue circle here...orange resistance, 200EMA, and that blue horizontal resistance. I will be waiting for a break above the blue horizontal line before entering, and exiting at the top of the purple channel.
If we close below the purple channel I will be...
-RSI overbought and heading down
-Price has had some separation from TK lines
-.382 and .618 levels looking strong.
-.382 I think is the most probable at the moment.
-Bitcoin is Bitcoin and a .236 bounce wouldn't surprise me at all.
I'm bullish after a bounce
Anyone else seeing the same as me?
Critiques always welcome.
Recent downtrend riding support. Not going to try predicting what price will do here, but I will be keeping an eye on it. I feel there's a good trade to be made here once price gets away from this line in either direction.
This will be the third touch on this weekly resistance line. Its overbought at the moment, so Ill just be keeping an eye on it waiting for a small pullback. I would like to enter a buy if we break above and retest this line with a relaxed stochastic.
Im bullish here but only after a pullback. Its been in overbought range for awhile which makes me think there will be a decent pullback. Im guessing around Line 1. If im right then that will be where I enter as long as stochastics has relaxed a bit. Target at green box.
Price broke through and closed above resistance. I will be waiting on stochastics to relax and see what kind of pullback we get before entering. My target will be around the horizontal dashed line.
Broke the small support that was made here, and may go down to the weekly support. That's the trade I am making. with stop loss above the prior support.
Its a bit soon for me to make a decision yet. But...I would like to see price break below this support, and make a retest while not in oversold territory before entering. Little purple box would be my tp.
Im new...critique me if im wrong. Head and shoulder pattern may push it below support. Im looking for a retest or candle pattern confirmation before entering.
LTCBTC looking to be getting close to a possible support soon. Stoch showing oversold. Also the last 2 times that price got this far from Kijun the price sprang back pretty violently. Im feeling bullish on LTC very soon. Of course waiting on confirmation candles to make sure support is respected with Bitcoin doing wild things.
Bullish TK cross, bullish Senkou span cross, and working on a cloud break through on the 1W BTC chart...just waiting on the candle close and possible retest, but could get seriously bullish soon.
